Arthur J. Gallagher & Co. announced the acquisition of Tudor Risk Services, LLC located in Woburn, Mass. Terms of the transaction were not disclosed.
Founded in 2009, Tudor Risk Services is a retail insurance broker providing property/casualty, risk management services and employee benefits insurance and consulting services. They offer property/casualty insurance coverage, group health, welfare and wellness plans, and employee benefits consulting services for their commercial and high net worth clients throughout the northeastern United States. Tudor specializes in the technology, life sciences, healthcare and ambulatory, real estate, financial and professional services and manufacturing industries.
William Frain III, Thomas Porell and their colleagues will continue to operate under the direction of Douglas Brown, head of Gallagher’s northeastern retail property/casualty brokerage operations, and David Ziegler, head of Gallagher’s eastern employee benefit consulting and brokerage operations.
Headquartered in Itasca, Ill., Arthur J. Gallagher & Co. is an international insurance brokerage and risk management services firm. It has operations in 25 countries and offers client service capabilities in more than 140 countries through a network of correspondent brokers and consultants.
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